No proper blogging at the moment – not in the mood since having an argument with a piece of uneven pavement on Thursday evening – the pavement won.
I have just popped into the library to download a copy of the Hutton Interim Report on pension reform to take home. Then I will try to get to the bottom of an astonishing piece of intelligence in Ian King’s Business Commentary in Thursday’s Times which is being cited as support for the fairness argument about public sector pensions:
The average private sector worker currently retires with a pension pot of just £30,000
This definitely counts as an ‘interesting figure’ in my book, especially if it is an arithmetic mean which includes the pension pots of the likes of senior bankers. If it does, then the median pension for a private sector worker must be based on a pension pot of no better than £20,000.
